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Entries Tagged as 'fbmklci'

FBMKLCI

April 22nd, 2020 No Comments

If you look at the post dated 9 April, I marked #3 to denote the maximum length of the current momentum before a change of behaviour Refer to the chart below on the 9 Apr post Compare the highlighted yellow bar above with the following 9 Apr post It couldn’t have gotten more accurate than […]

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FBMKLCI

April 9th, 2020 No Comments

From our last update, I drew an arbitrary line of 1000, noting to myself that’s the line to watch (ahead of time). As you can see that line turned to #1 above, at about 1200. We also noted that the 2007/08 long term support line is at 700/800. So that forms our longest term support […]

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FBMKLCI

March 17th, 2020 No Comments

I have written extensively that the market is weak and poised to go down. (Tan Teng Boo of the Capital Dynamics fame has been waiting for this bear market for 10 years now I think) It is not possible to know the extent of the drop (only via hindsight) but we can deduce and infer […]

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PANAMY

February 21st, 2020 No Comments

To the uninitiated, every chart looks the same But there is a huge difference to the trained eye Do you think the above is strong or weak? Buy or no buy Why?

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AirAsia

February 21st, 2020 No Comments

If you must buy Airasia, this is the time to look at it Hard stop loss at RM1.14, with a potential upside to RM1.30

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REITS

February 12th, 2020 No Comments

We left our discussion somewhere around the highlighted yellow bar I said that I expect it to go down to ~950 than to shoot up to ~980 Depending on your timeframe and how you looked at it, it actually went up to ~980 (albeit for 1 -2 days) for one last time before diving to […]

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FBMKLCI

February 3rd, 2020 No Comments

On the 13th Jan posting, I mentioned that we have drawn the line 1550 to watch, ahead of time. Now lo and behold, the price is flirting continuously with the line We also know from my 11 Dec posting that the overall market is weak – and hence this forms our primary impression of the […]

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OPR 2.75%

January 22nd, 2020 No Comments

1 day after I posted bearish outlook for REIT, the central bank slashed rate by 25 basis points. This will temporarily boost up Reits/ Propert counters while banking/ finance will be negatively impacted My view on REITs remains until the chart tells me otherwise. This is interesting – let’s see what happens next. Will be […]

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REITS

January 21st, 2020 No Comments

I like REITs and would like to have some exposure in it However, the chart is weak On the balance of probability, I expect it to go to the low of ~950 than to shoot up to ~980 Maybe only in 1-3 months’ time, will we know the exact reason why REIT is weak Let’s […]

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FBMKLCI

January 16th, 2020 No Comments

There is temporary strength in the chart (while coincidentally the whole news out there is painted super bearish) I think there is an opportunity to push the index up to ~1600 area We then need to see what it does there to further assess the market condition

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